Senate Republicans Try Again On Tax-Free Savings for Education

By Erik W. Robelen

Senate Republicans last week brought to the floor a proposal—twice vetoed in past years by President Clinton—that would allow families to contribute up to $2,000 annually to tax-free savings accounts they could draw on to pay for public or private school costs.

At press time, Senate backers were planning to hold a cloture vote on the bill early this week. Sixty votes are needed to invoke cloture, which would set a time limit on further debate before a final vote...